Howmet Aerospace (NYSE:HWM) Stock Price Expected to Rise, TD Cowen Analyst Says

Howmet Aerospace (NYSE:HWM) had its price objective lifted by equities research analysts at TD Cowen from $210.00 to $240.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 16.24% from the company’s current price.

Several other research analysts have also recently commented on HWM. UBS Group increased their target price on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Research cut shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the stock a “buy” rating in a report on Monday, August 4th. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Truist Financial increased their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Fifteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $194.57.

Howmet Aerospace Stock Up 2.3%

Shares of HWM stock opened at $206.47 on Friday. Howmet Aerospace has a 12-month low of $99.10 and a 12-month high of $211.95. The firm has a fifty day moving average of $188.59 and a 200-day moving average of $175.72. The company has a market capitalization of $83.23 billion, a price-to-earnings ratio of 60.37, a P/E/G ratio of 2.64 and a beta of 1.45. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. As a group, equities research analysts predict that Howmet Aerospace will post 3.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Howmet Aerospace

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Howmet Aerospace by 1.4% in the second quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock valued at $9,022,725,000 after purchasing an additional 662,132 shares during the period. JPMorgan Chase & Co. raised its position in shares of Howmet Aerospace by 30.1% in the second quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock valued at $5,920,181,000 after purchasing an additional 7,356,077 shares during the period. State Street Corp raised its position in shares of Howmet Aerospace by 1.2% in the second quarter. State Street Corp now owns 17,686,075 shares of the company’s stock valued at $3,291,909,000 after purchasing an additional 205,424 shares during the period. Geode Capital Management LLC raised its position in shares of Howmet Aerospace by 7.0% in the second quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock valued at $2,032,221,000 after purchasing an additional 719,888 shares during the period. Finally, Norges Bank bought a new position in shares of Howmet Aerospace in the second quarter valued at about $1,633,157,000. 90.46% of the stock is owned by institutional investors.

About Howmet Aerospace

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.